Franklin Resources Lifted Its Infosys LTD (INFY) Position; John Hancock Financial Opportunities Fund (BTO) Sentiment Is 1.56

January 14, 2018 - By Jacob Smith

The stock increased 0.25% or $0.1 during the last trading session, reaching $40.11. About 52,066 shares traded or 12.84% up from the average. John Hancock Financial Opportunities Fund (BTO) has risen 34.10% since January 14, 2017 and is uptrending. It has outperformed by 17.40% the S&P500.

Franklin Resources Inc increased Infosys Ltd (INFY) stake by 1307.56% reported in 2017Q3 SEC filing. Franklin Resources Inc acquired 5.41 million shares as Infosys Ltd (INFY)’s stock rose 1.88%. The Franklin Resources Inc holds 5.82 million shares with $84.97 million value, up from 413,770 last quarter. Infosys Ltd now has $36.05B valuation. The stock decreased 2.66% or $0.46 during the last trading session, reaching $16.81. About 8.81 million shares traded or 73.51% up from the average. Infosys Limited (NYSE:INFY) has declined 17.92% since January 14, 2017 and is downtrending. It has underperformed by 34.62% the S&P500.

Franklin Resources Inc decreased Goodyear Tire & Rubr Co (NASDAQ:GT) stake by 10,661 shares to 4.74 million valued at $157.44 million in 2017Q3. It also reduced Coresite Rlty Corp (NYSE:COR) stake by 38,177 shares and now owns 453,170 shares. Caterpillar Inc Del (NYSE:CAT) was reduced too.

Among 21 analysts covering Infosys (NYSE:INFY), 4 have Buy rating, 1 Sell and 16 Hold. Therefore 19% are positive. Infosys had 35 analyst reports since July 24, 2015 according to SRatingsIntel. On Friday, September 1 the stock rating was maintained by Robert W. Baird with “Hold”. The stock of Infosys Limited (NYSE:INFY) earned “Hold” rating by J.P. Morgan on Monday, August 21. Cowen & Co maintained the stock with “Hold” rating in Friday, August 18 report. The firm earned “Hold” rating on Friday, October 16 by Cantor Fitzgerald. The stock of Infosys Limited (NYSE:INFY) has “Neutral” rating given on Monday, August 21 by JP Morgan. Goldman Sachs upgraded the stock to “Buy” rating in Thursday, May 26 report. The company was maintained on Thursday, January 4 by Robert W. Baird. HSBC downgraded the shares of INFY in report on Tuesday, August 9 to “Hold” rating. The stock has “Hold” rating by BMO Capital Markets on Friday, July 14. The firm has “Neutral” rating by Credit Suisse given on Monday, July 18.

Orleans Capital Management Corp La holds 1.79% of its portfolio in John Hancock Financial Opportunities Fund for 64,167 shares. Fca Corp Tx owns 106,745 shares or 1.64% of their US portfolio. Moreover, Patten & Patten Inc Tn has 1.19% invested in the company for 303,590 shares. The Wisconsin-based North Star Asset Management Inc has invested 0.59% in the stock. Community Bank Of Raymore, a Missouri-based fund reported 16,750 shares.

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